Coca-Cola Europacific Partners (NASDAQ:CCEP) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Coca-Cola Europacific Partners (NASDAQ:CCEP) has been assigned an average recommendation of “Moderate Buy” from the eleven ratings firms that are presently covering the firm, MarketBeat Ratings reports. Three investment analysts have rated the stock with a hold recommendation and eight have assigned a buy recommendation to the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is $106.50.

A number of equities analysts have recently commented on CCEP shares. Weiss Ratings downgraded Coca-Cola Europacific Partners from a “buy (b+)” rating to a “buy (b)” rating in a research report on Monday, May 18th. UBS Group boosted their price objective on Coca-Cola Europacific Partners from $107.00 to $109.00 and gave the stock a “buy” rating in a research report on Wednesday, April 29th. Citigroup reissued a “buy” rating on shares of Coca-Cola Europacific Partners in a research report on Thursday, February 19th. The Goldman Sachs Group boosted their price objective on Coca-Cola Europacific Partners from $98.00 to $110.00 and gave the stock a “buy” rating in a research report on Wednesday, February 18th. Finally, Barclays boosted their price objective on Coca-Cola Europacific Partners from $106.00 to $108.00 and gave the stock an “overweight” rating in a research report on Thursday, April 30th.

Coca-Cola Europacific Partners Stock Up 0.1%

Shares of Coca-Cola Europacific Partners stock opened at $99.41 on Tuesday. Coca-Cola Europacific Partners has a one year low of $84.65 and a one year high of $110.90. The company has a debt-to-equity ratio of 1.23, a current ratio of 0.80 and a quick ratio of 0.60. The business has a 50-day simple moving average of $94.70 and a 200-day simple moving average of $94.60.

Coca-Cola Europacific Partners Dividend Announcement

The firm also recently announced a dividend, which was paid on Wednesday, May 27th. Investors of record on Friday, May 15th were paid a dividend of $0.82 per share. The ex-dividend date was Friday, May 15th. This represents a yield of 213.0%.

Institutional Investors Weigh In On Coca-Cola Europacific Partners

Several institutional investors have recently added to or reduced their stakes in the business. Invesco Ltd. lifted its stake in Coca-Cola Europacific Partners by 31.6% during the third quarter. Invesco Ltd. now owns 15,610,379 shares of the company’s stock worth $1,411,334,000 after purchasing an additional 3,751,430 shares during the last quarter. Vanguard Group Inc. lifted its stake in Coca-Cola Europacific Partners by 2.6% during the third quarter. Vanguard Group Inc. now owns 10,960,110 shares of the company’s stock worth $994,598,000 after purchasing an additional 278,083 shares during the last quarter. Boston Partners lifted its stake in Coca-Cola Europacific Partners by 2.6% during the third quarter. Boston Partners now owns 6,266,512 shares of the company’s stock worth $566,051,000 after purchasing an additional 156,613 shares during the last quarter. Massachusetts Financial Services Co. MA lifted its stake in Coca-Cola Europacific Partners by 0.7% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 5,873,922 shares of the company’s stock worth $532,765,000 after purchasing an additional 38,339 shares during the last quarter. Finally, State Street Corp lifted its stake in Coca-Cola Europacific Partners by 0.7% during the third quarter. State Street Corp now owns 4,760,094 shares of the company’s stock worth $430,360,000 after purchasing an additional 31,054 shares during the last quarter. Hedge funds and other institutional investors own 31.35% of the company’s stock.

About Coca-Cola Europacific Partners

Coca-Cola Europacific Partners is a major independent bottler and distributor of nonalcoholic ready-to-drink beverages, operating under a long-standing franchise relationship with The Coca-Cola Company. The business manufactures, bottles, sells and delivers a broad portfolio of global and local beverage brands, including still and sparkling soft drinks, waters, juices, sports drinks and ready-to-drink teas and coffees. Its activities encompass production, packaging, marketing and route-to-market distribution for retail, foodservice, convenience and vending customers.

The company was created through the combination of Coca-Cola European Partners and Coca-Cola Amatil in 2021, bringing together beverage operations across Europe and the Asia-Pacific region.